Shree Precoated Steels Limited will hold its 18th Annual General Meeting on September 30, 2026. The meeting will be conducted via video conferencing or other audio-visual means at 11:00 am.

The company disclosed the details under Regulation 30 and Regulation 47 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The notice was published in Financial Express and Mumbai Lakshadeep newspapers.

Meeting Details

The AGM will take place without the physical presence of members at a common venue. Shareholders can access further information on the company’s website.

Priyanka Khandelwal, Company Secretary and Compliance Officer, signed the disclosure dated September 4, 2026.

Agenda Items

Shareholders will transact the following ordinary business during the meeting:

• Receive, consider, and adopt the Audited Financial Statements for the financial year ended March 31, 2026, along with the reports of Directors and Auditors.
• Appoint a director in place of Mr. Harsh L. Mehta (DIN: 01738989), who retires by rotation and offers himself for reappointment.

Director Reappointment

Mr. Harsh L. Mehta, Managing Director, seeks reappointment. He brings over 22 years of experience in project management, finance, and legal affairs. His remuneration last drawn was ₹21.21 lakh including all perquisites. He attended four board meetings during FY25-26.

Financial Performance

The company incurred a total comprehensive loss of ₹58.23 lakh for FY26, a slight improvement from the ₹60.49 lakh loss recorded in the previous financial year. Total income stood at ₹367.93 lakh, primarily driven by other income, while total expenditure was ₹427.88 lakh. Revenue from operations remained nil for both periods.

What the Numbers Show

The company's current ratio deteriorated significantly to 0.01 from 0.14 in the prior year. This decline was driven by a substantial decrease in current assets from ₹53.41 lakh to ₹3.22 lakh, alongside an increase in current liabilities from ₹381.20 lakh to ₹440.01 lakh. Despite the negative net worth, the accounts have been prepared on a going concern basis.

Shree Precoated Steels Ltd reported a net loss of ₹14 lakh for the quarter ended June 30, 2026 (Q1FY26), widening from a ₹12 lakh loss in the corresponding quarter of FY25. The company recorded no revenue from operations during the period, marking a continuation of its operational challenges. The Board of Directors approved the unaudited financial results on August 4, 2026, under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company’s total comprehensive income for the quarter stood at a loss of ₹14 lakh, compared to ₹12 lakh in Q1FY25. For the full financial year ended March 31, 2026, Shree Precoated Steels reported a net loss of ₹60 lakh against revenue of ₹368 lakh. The paid-up equity share capital remained unchanged at ₹414 lakh. Basic and diluted earnings per share were negative ₹0.34 for the current quarter, down from negative ₹0.29 in the prior year quarter.

Financial Performance Overview

What the Numbers Show

The absence of revenue from operations in Q1FY26 highlights the company’s continued struggle to generate operational cash flows. With a cumulative net loss of ₹60 lakh for FY26 and other equity standing at negative ₹688 lakh, Shree Precoated Steels operates with a negative net worth. The management has prepared the accounts on a going concern basis, citing pending litigation regarding the refund of indirect taxes as a key risk factor. Investors should note that the widening quarterly loss, despite zero revenue, suggests ongoing fixed cost burdens or non-operational expenses impacting the bottom line.